latest news releases from the newsroom
Oneida Ltd. Reports Improved Operating Income for Second Quarter and Six Months Ended July 30, 2005
ONEIDA, N.Y., Sept. 7, 2005 (PRIMEZONE) -- Oneida Ltd. (OTCBB:ONEI) today announced operating and financial results for the second quarter and six month period ended July 30, 2005. Operating income for the second quarter was $1.2 million, compared to an operating loss of $(44.2) million during the corresponding period last year. The prior year's operating loss included impairment losses on depreciable and other assets of $(36.7) million, and a $4.8 million gain on the sale of fixed assets. The operating income improvement also reflects the favorable impact of the Company's comprehensive restructuring program. Oneida's restructuring efforts are focused on returning to profitability by reducing the Company's cost structure and transitioning from fixed-cost manufacturing to variable-cost sourcing throughout its product line portfolio, thereby maximizing the Company's competitiveness in today's global marketplace.
San Diego Gas & Electric
SDG&E Signs Solar Power and Other Renewable Energy Pacts
SAN DIEGO, Sept. 7, 2005 (PRIMEZONE) -- San Diego Gas & Electric (SDG&E) today announced it has contracted to buy 300 megawatts (MW) of solar power, with the potential to grow to 900 MW within 10 years. The project would be one of the largest solar facilities in the world when fully constructed. The utility also announced the purchase of approximately 4 MW of energy and capacity from a local biogas landfill project.
Murray, Frank & Sailer LLP
Murray, Frank & Sailer LLP Announces Class Action Against UBS-AG on Behalf of Purchasers of Davis Family of Funds -- RPFGX, RPEAX, RPFRX, RPGXX, RPFCX
NEW YORK, Sept. 7, 2005 (PRIMEZONE) -- The law firm of Murray, Frank & Sailer announces that a class action lawsuit was filed on behalf of all persons who purchased from UBS-AG ("UBS") Davis Funds, from May 1, 2000 through April 30, 2005, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Act of 1993 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act").